ORD 1984-33 - CO Garbage TruckORDINANCE NO. 84- 33
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION; AND CONTAINING OTHER
PROVISIONS RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas (City), by
Ordinance No. 84-26, found that it was advisable for the City to
purchase a rear loading garbage truck and that Certificates of
Obligation be issued by the City for all or any part of the cost of
same; and
WHEREAS the notice for said action was published at the times and in the
manner required by law; and
WHEREAS the City awarded a contract to Basic Waste Systems, Inc., in the
amount of $50,241.04 as the lowest and best bid for the purchase of
said rear loading garbage truck; and
WHEREAS the City has accepted delivery of the rear loading garbage truck;
and
WHEREAS the City has arranged for said certificates to be assigned to
J. H. Niederhofer upon delivery; and
WHEREAS the 1982 Federal Tax Equity and Fiscal Responsibility Act now
requires that bonds be issued in registered forms as of July 1, 1983;
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE,
TEXAS, that:
Section 1: There is now due and owing to Basic Waste Systems, Inc., the
sum of $50,241.04.
Section 2: The Certificate of Obligation herein authorized to be delivered
shall bear interest at the rate of 9.90 per cent per annum from date
of initial delivery shown on the face of such certificates.
Section 3: There shall be executed and delivered to said contractors
certificates of the City of Huntsville Equipment Acquisition Certifi-
cates of Obligation, in registered form, and dated October 10, 1984,
in accordance with Ordinance No. 84-26.
Section 4: The Mayor, City Secretary and other appropriate City officials
are hereby authorized and directed to deliver said Certificate and to
do any and all things necessary or convenient to carry out the terms
of this ordinance.
INTRODUCED, READ AND PASSED by the unanimous vote of the City Council of
the City of Huntsville, Texas, on this the 13th day of November, 1984.
y Secretary
APPROVED AS TO FORM:
Scott Bounds, City Attorney
V. Nash, Mayor